Some of South Florida’s most innovative developers believe they have a solution for the region’s housing affordability and gridlock problems: micro units. Shoehorning people into small spaces is common in big cities such as New York because real estate values are sky high. With this region urbanizing and experiencing a spike in rents, downsizing square…

Pembroke Pines officials have approved the sale of a Post Office property to an affiliate of Miami-based Terra Group for redevelopment. The city acquired the 27.4-acre site at 16000 Pines Blvd. from the U.S. Post Office in October for $17.88 million. On Jan. 6., commissioners approved a deal to sell it for $23.5 million to…

Boca Raton has received four major development applications in recent months, including for a senior living complex and privately owned student housing. Goray Senior Living plans to build the 132-bed Boca Senior Living and Wellness Center. It would include a congregate living and memory care facility plus a clinic. The 131,000-square-foot facility would be on…

Epelboim Development Group and InterContinental Hotels Group have submitted plans for the first Even hotel in the Southeast, the South Florida Business Journal has learned. The developers announced their partnership in October to build the 190-room near the Miami International Airport in Miami-Dade County’s Palmer Lake area. The project is expected to be delivered by…

The Dania Beach Boat Club has fallen into foreclosure for the second time, both with the same manager. Revere High Yield Fund filed a foreclosure lawsuit on Dec. 21 against Dania Beach Marina Corp. and owner Michael M. Lally. It targets the 196 boat storage slips and the marina at 90 N. Bryan Road. The…

Good morning, South Florida. We’ve got a little situation down here the Frost museum. 1. Sand in Frost’s shoes The Greater Miami Chamber of Commerce will honor Phillip and Patricia Frost with the 2016 Sand In My Shoes Award on Feb. 24. The Frosts, who are building the Frost Science Museum, sure meet the criteria,…

All Aboard Florida received a one-year extension to obtain bond financing for its $3.1 billion passenger rail project, but construction is continuing on schedule. The company, a subsidiary of Florida East Coast Industries, hoped to sell $1.75 million tax-exempt bonds in December but it couldn’t execute the deal. The financial markets have been difficult for…